Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rox Resources Ltd.
Project name: Youanmi
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 3m @ 9.35g/t Au from 182m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: West Australian focused gold exploration and development company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC), is pleased to provide an update on drill results from the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%). Results reported in this release are from a 40m x 40m spaced (i.e. grid) drill pattern at the Link Prospect that is designed to convert mineralisation in this zone to additional gold resource inventory at Youanmi. This drilling, which intersected Link mineralisation at depths between 170m and 260m below surface, demonstrates that mineralisation in this area shows good continuity and should readily convert to resource ounces. Managing Director Alex Passmore commented: “We are pleased to report further high-grade results from the Link Prospect at Youanmi. These latest assays add to our confidence that mineralisation in this area is hanging together nicely and will deliver into an updated resource inventory in due course. Link mineralisation occurs from near surface to 370 metres below surface and is open at depth. Link plunges below the previously mined United
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